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An update from Baron Oil ( (GB:SNDA) ) is now available.
Sunda Energy Plc announced a delay in the drilling of the Chuditch-2 appraisal well, now expected in the first half of 2026, due to logistical service issues in Timor-Leste. The postponement affects the farm-in agreement with TIMOR GAP, which has been terminated but may be renegotiated. The company is exploring alternative funding sources and expects wider availability of drilling rigs due to market conditions. An environmental permit process is ongoing, with final approval anticipated in Q3 2025. Despite the delay, Sunda remains committed to the project’s development and anticipates capturing its value for stakeholders.
More about Baron Oil
Sunda Energy Plc is an AIM-quoted exploration and appraisal company that focuses on gas assets in Southeast Asia. The company operates through its wholly owned subsidiary, SundaGas Banda Unipessoal, Lda., and is involved in the development of the Chuditch field in Timor-Leste.
Average Trading Volume: 160,079,551
Technical Sentiment Signal: Sell
Current Market Cap: £10.74M
See more data about SNDA stock on TipRanks’ Stock Analysis page.
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